Low Fuel Prices to Last At Least Another Year

      Published on Friday, 26 December , 2014      112 Views     

  • Bulgaria Business

Low Fuel PricesThe low fuel prices would last for at least an year, said former economy minister Traycho Traykov for Nova TV.

“It is a simple arithmetic – the crude oil accounts for 45% of the end fuel price,” he said. “This explains why the actual prices of petrol and diesel decreases by only 16-17%.”

According to the economist Lachezar Bogdanov, in the last month the crude oil price fell by 20%, while for the entire 2014 – it dropped by around 38%.

“People wonder why the petrol did not get much cheaper – this is because of taxes and excise duties,” Bogdanov said. “They cannot drop. Besides, we have a monopolist natural gas importer and he hasn’t changed the prices at all. In the US, for example, the natural gas prices dropped by 30%.”


Category Bulgaria Business | 2014/12/26 latest update at 10:00 PM
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